Think of it as adding another dimension to retracement levels. One that might help spotting pivoting price trends is Fibonacci Time Series. There are several other ways to apply Fib numbers-arcs, spirals, fans, and more. These retracements and extensions typically measure changes in price and are displayed as horizontal lines at different levels on the y-axis. Traders often use them to help identify potential trend reversals. You’re probably familiar with Fibonacci (Fib) retracement and extension levels. Yet, more often than not, it’s your analysis that can bring more potential trading opportunities. Except it’s more about getting in at the right price at the right time. Life often happens when you’re at the right place at the right time-the dream home you find, the life-changing gig you land, the winning lottery ticket you buy.
Learn how to apply the Fibonacci Time Series tool on thinkorswim®.Combine Fibonacci retracements with Fibonacci Time Series to analyze stock price movement.
Know how Fibonacci Time Series could help identify reversing price trends
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